FX:USDJPY   U.S. Dollar/Japanese Yen
228 4 1
98.25 is the level to watch for now. False break at this level might provide a valid long setup. 99 is the immediate target for long.

Details and follow up can be found at the blog. Check my profile for link.
Good analysis...I will surely look for the bounce back...
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What a fall!
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Not sure if you read the followed up chart. Anyway, in short, there wasn't a false break at 98.24, so there wasn't a long for me.
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AncientM tradergav
Sorry to reply late. Yes, I missed the followed up chart! The situation is different now, price is consolidating and fundamental suggests opportunity for long!
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